The new age home buyers are tech-savvy, appreciate fine living, and are high-income individuals who prefer a luxurious blend of extravagant house designs with modern amenities. To cater to their altering requirements aligned with the latest home interior trends, modern home buyers always look out for homes, designed with thoughtful and practical features, providing them with all the facilities they need. Considering the customer’s evolving preferences in making homes more personalized, real estate developers constantly endeavor to include unique features to fulfill customers’ needs, wherein the Modular Kitchen feature is gaining utmost popularity.

The real estate industry has made modular kitchens a standard inclusion due to the growing popularity of these types of kitchens among today’s younger generation. Today, a housing property is designed with pre-installed modular kitchens, high-tech amenities, and contemporary interior design. Let’s take a closer look at some of the factors responsible for the growing demand for modular kitchens in the real estate sector. 

Ideal for all properties:

Modular kitchens are suitable for all kinds of properties, no matter the size of the apartments, whether they are small and compact apartments or luxurious duplex apartments. They are designed and installed according to the size and shape of the property and customers’ needs. Hence, they are ideal for all types of properties.

Hassle-Free Cooking Experience:

One of the most hectic tasks involving household chores includes meal planning, preparation, and storage. Kitchen work can become extremely overwhelming with a lack of planning and organization. The customized approach involved in setting up a modular kitchen helps provide a hassle-free cooking experience as the kitchens are designed keeping in mind the frequency of kitchen use, food cooking preferences, and family size. 

High Durability:

Modular kitchens are manufactured using high-quality materials including waterproof and boiling waterproof features that essentially contribute to enhancing their durability. These kitchens are also prepared to withstand the regular wear and tear of kitchen tasks, hence, this can be considered a great investment in the property.

Built-in appliances provide a stylish touch:

Modular kitchens provide an option to arrange a dedicated and customized space to install built-in equipment which also enhances the overall aesthetic of the kitchen. Today, a kitchen design trend of providing hidden cabinets is catching up wherein bulky structures can have their dedicated hidden space in the kitchen such as water purifiers, microwaves, food processors,s, etc. Such trends not only boost creativity and innovation in the kitchen space but also significantly contributes to enhancing kitchen appearance.

Space Organization:

Modular kitchens are specifically designed to provide better and more efficient storage. These kitchens provide a variety of design ideas to organize the kitchen space and provide sufficient space to arrange the necessities without making the room seem crowded. Today, kitchen corner space utilization designs are becoming popular amongst customers as they help make optimum utilization of the kitchen area. 

Smart storage concepts, personalized space design, and space management ideas are some of the key highlights of a modern modular kitchen, due to which there is a growing demand for modular kitchen concepts amongst customers.  Also, the growing number of partnerships between real estate developers and modular kitchen manufacturers is one factor that is expected to push the demand for modular kitchens in the coming years.

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MUMBAI: The GST-Authority for Advance Rulings (AAR) Karnataka bench has ruled that the goods and services tax (GST) is not applicable on the sale of plots, even if the plots are sold after basic necessities-related works have been completed (such as land leveling, installation of sewage lines, et al).

The land has always been clearly exempt from GST. GST is charged. However, a never-ending battle erupted over whether the sale of plots following basic development is subject to GST. This case is nearing its end.

“This advance ruling is in response to the circular issued by the Central Board of Indirect Taxes and Customs (CBIC) following the GST Central Council meeting on August 3,” Harpreet Singh, indirect tax partner at KPMG-India, explained. This circular states that even the sale of plots after some basic development is considered a sale of land and is exempt from GST. However, services used to develop the land, such as land leveling and drainage line installation, will be subject to GST. The CBIC’s clarification and this advance ruling clear the air on the application of GST to land sales.”

Plots are typically sold to individuals for the purpose of constructing their own homes after the seller has completed some basic development (land owner). In this case, Rabia Khanum, an unregistered individual under GST laws, attempted to convert her land on the outskirts of Bengaluru into a residential site. The land will be developed in accordance with the District Town and Country Planning Act, she stated.

Land development entails laying of electricity cables, water pipes, sewerage lines, drilling of bore-wells, setting up of a power substation, and obtaining a connection from the electricity board.
The authorities would not grant permission to sell plots to individuals for house construction unless these basic necessities were met.

She sought a response on whether GST was applicable on the advance received/sale consideration for such sites, as well as whether GST would apply on the ‘sale of plots after completion of works related to basic necessities,’ and received a favorable response that it was not.

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According to him, saltwater intrusion affects agriculture on the banks of the Sita River, and people are facing a potable drinking water shortage crisis. A proposal to build two barrages across the Sita River for Rs 311.25 crore has been approved by the state cabinet.

The barrage proposal was approved by the government in response to people’s demands for an integrated drinking water scheme, according to the MLA, who thanked chief minister Basavaraj Bommai and minor irrigation minister K Madhuswamy.

Indeed, Bhat and Kundapur MLA Haladi Shrinivas Shetty submitted a memorandum to construct barrages across the Sita River, which runs through the taluks of Udupi and Kundapur. The first barrage is expected to cost Rs 160.25 crore, while the second is expected to cost Rs 151 crore.

According to Bhat, the construction of barrages will benefit thousands of families in nearby villages.

He stated that the government had previously approved Rs 165 crore for the construction of a barrage-cum-bridge across the Swarna River at Uppoor to prevent saltwater intrusion.

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The new Evacuation Safety Circular is a step towards improving evacuation routes for residents anda Safer andFaster Mode for Fire Officers to reach High – Rise Floors during fire emergencies in Maharashtra

 Mumbai, July 21, 2022:The most landmark Circular issued by Maharashtra State’s Energy Department in conjunction with the Municipal Corporation and the Fire Departmenthas made it mandatory to install and operate a Fire Evacuation Lift in every High-Rise Building scaling 70-meters and above since January 2018. The Energy Department has issued the Circular as ‘Advisory on Installation of the Fire Evacuation Lifts in the High Rise Buildings having height 70 Meters and above.”

 Making the ‘Fire Evacuation Lift’ mandatory is seen as a visionary step in providing Safer and Faster route for Fire Officersto reach the higher floors to save lives and assets. Meanwhile, it is one of the safest and fastest modes for evacuating people stranded in emergency situations of fire in High Rise Buildings. Maharashtra has become the first State in India to make Fire Evacuation Lifts mandatory for buildings 70meters and above since January 2018 in what is termed as the solution to mounting emergencies during fire-fighting and provide a safe evacuation mechanism for people and assist Fire Officers to save lives and assets.

As part of the evacuation solutions, many Developers of High – Rise Buildings in the cities like Mumbai have installed or are currently opting to install non-standardized or low graded Fire Evacuation solutions/Lifts. However, these Non-standard Fire Solutions/ Evacuation Lifts may not provide right security and safety to people in the event of a fire due to compromise in quality by the builders and regular passenger lift makers. In contrast, the Fire Evacuation Lifts are a far more secure and safer option and are developed by specialized teams of a Fire Evacuation Lift Manufacturer. It protects and enables fire-fighters to reach higher floors faster and evacuate a group of 10-18 people of all ages and abilities including pets at one given time in less than three minutes(i.e. almost 100 people in 30 minutes approximately). It also enables the Emergency Response Team (ERT) to reach any floor within a minute to fight fire, save lives and assets and thus reduce losses.

As per the New Circular, henceforth, it is mandatory to obtain the permission for erection and License for operation of Fire Evacuation Lifts in the State of Maharashtra.

Further, it will provide a much awaited solution to the Fire Brigades across cities in Maharashtra and the ERTs in combating emergency fire situations in High – Rise Buildings, as they can use the ‘Fire Evacuation Lifts’ to reach to higher floors rapidly to evacuate people and save assets by dousing fire more efficiently and timely.

The implementation of the new Circular shall be effective immediately from the date of issue for the upcoming Fire Evacuation Lift installations and shall apply with retrospective effect to the existing Fire Evacuation Lift installations.

High-Rise Buildings scaling 70-meters and above in heights in Maharashtra will have to put in place the necessary infrastructure, such as Fire Evacuation Lifts, which provide a much safer and more secure option.This Circular, will begin a new chapter of fire evacuation in Maharashtra.

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The Securities and Exchange Board of India (Sebi) announced the auction on July 15, 2022, from 11 a.m. to 1 p.m. Office premises, residential flats, land parcels, shops, land & buildings in Gujarat, Maharashtra, Goa, Daman, and Dadra and Nagar Haveli are among the properties up for auction.

More than 266 properties were auctioned off between November 2019 and March 2022, with a reserve price of Rs 1,297 crore.

The move followed a Supreme Court judgement in December 2019 for the sale-cum-monitoring committee, led by retired Justice J P Devdhar, to sell 114 properties owned by the firms within six months.

Citrus Check Inns and its directors were fined Rs 50 lakh by Sebi in December 2018 for failing to comply with its order, which prevented them from raising funds from the general public.

Sebi has received multiple investor complaints against Citrus, stating that Royal Twinkle’s directors were administering their Collective Investment Scheme (CIS) through Citrus.

The regulator had issued a four-year ban on Royal Twinkle and its four directors in August 2015 for illegally generating over Rs 2,656 crore in the guise of bogus “timeshare” holiday plans.

Furthermore, it had asked the company and its administrators to repay the money to the investors, along with the promised returns, within three months.

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On Friday afternoon, the two were apprehended near the Bombay High Court. Ahuja Constructions is well-known in Central Mumbai and the western suburbs for its distinctive luxury constructions.

Last March, the 14th Metropolitan Magistrate Court convicted and sentenced them to six months in uncomplicated imprisonment.

They were also ordered to pay Rs 14.7 lakh in compensation to the petitioner within 30 days, or face another three months of simple imprisonment. The complainant is a Breach Candy resident who filed a lawsuit against Ahuja Properties and Developers and its two directors, Jagdish and Gautam Ahuja, under Section 138 of the Negotiable Instrument Act.

In October 2015, the accused sought the complainant for a “friendly loan” of Rs 10 lakh on the condition that it be repaid within 12 months with a 20.4 percent interest rate. He agreed to make the loan because the complainant was a family friend.

The complainant further said that the accused paid two quarterly interest payments on time. However, the cheque for the third quarterly payment of interest was returned unpaid. This led the complainant to lodge a complaint. According to the conviction ruling, he indicated that two cheques for the fourth quarterly interest were likewise returned due to “insufficient balance.”

According to property market sources, many complaints have been launched against the construction firm and its directors in various courts for alleged cheque bouncing.

According to city police, the duo was also arrested under the Maharashtra Protection of Interest of Depositors (MPID) Act.  A couple from Pune accused them of scamming them of Rs 2 crore.

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The company was chosen from three qualified teams to build the airport’s terminal, runway, airside infrastructure, roadways, utilities, landside amenities, and other auxiliary buildings.

According to Christoph Schnellmann, CEO of YIAPL, “Our project has entered the next phase with the award of this EPC contract, which will see a rapid increase in the pace of building activities on site. We’re collaborating with Tata Projects to build a passenger terminal, runway, and other airport infrastructure capable of handling 12 million people per year by 2024.”

Noida International Airport will be the country’s first zero-emissions airport. The airport will be designed and built with green infrastructure needs in mind, such as IGBC certified buildings, rainwater harvesting, a zero liquid discharge sewage treatment plant, and a waste management facility, among others.

YIAPL is a wholly owned subsidiary of Zurich Airport International AG that was formed as a special purpose vehicle (SPV) to build the greenfield Noida International Airport in Jewar.

Zurich Airport International AG won the bid to develop the airport in 2019 and has completed security clearance, the concession agreement, the selection of architects, the launch of the brand identity, the shareholder and state support agreements, approval of the masterplan and the development plan, financial close with SBI, the selection of a concessionaire to design, build, and operate a fuel farm, and the CNS-ATM services at the airport with AAI.

The concession period officially began on October 1, 2021. The corporation stated that with the completion of the EPC contract, the first phase of the airport will be completed within three years of the start of the concession period.

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Officials claimed that after the increase, the transfer duty will be 4% for men and 3% for women buyers.

The initiative aims to improve the municipality’s financial health, which has been severely impacted in recent years, particularly owing to the Covid-19 pandemic. It is the first important decision following the unification of the three civic bodies – north, east, and south – last month.

A request to increase the transfer duty by 1% was moved during a meeting on Tuesday, and the decision was made.

The idea was approved by a special officer of the Municipal Corporation of Delhi (MCD), who has been given the authority to manage the civic body until a new House is elected.

“A proposal to increase transfer duty on properties priced above Rs 25 lakh by 1% was proposed to the special officer in charge of the standing committee. The Special Officer gave their approval to the proposal. After the increase, transfer duty will be 4% for men and 3% for women.” PTI obtained information from official sources.

The transfer duty on property sales and purchases in the national capital is currently 3% for men and 2% for women buyers.

The move comes amid the civic body’s dire financial situation, which has seen it struggle to even pay its employees’ salaries.

Officials stated that “the move would generate revenue and reinforce MCD’s coffers, which will be used to overcome financial issues and provide the finest services to the people.”

The Delhi government collects stamp duty on the sale and purchase of properties, which are classified into eight categories: A, B, C, D, E, F, G, and H.

Golf Links, Vasant Vihar, Sunder Nagar, and Jor Bagh are examples of posh and affluent colonies in category A and B. Middle-income neighbourhoods are classified as C and D, and include areas like as Lajpat Nagar, Alaknanda, Bhogal, and Amar Colony, among others.

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The Indian Property Expo is a platform that allows various real estate players all across India that are backed by many Trade Associations, Financial Institutions, Hight Profile Brokers, Investors, Corporate Buyers and Channel Partners.

Indian Property Expo helps people to connect, associate and interact directly with Potential Buyers, Premium Buyers, Venture capitalists’ affluent clients, end-users and Investors who are in search of the best real estate projects.

The Indian Property Expo was held in association with Naredco Maharashtra, Builders Association of India (BAI), Maharashtra Societies Welfare (MahaSeWA), Media Varta News, Quick Realty Homes and The Free Press Journal.

The Indian Property Expo had great offers from several trusted builders like Godrej Properties, Sunteck Realty, Transcorn Group, Ruparel Realty, Vamsiram Group, Sensation Infracon, JP Infrastructure, Shubh Shagun, Apna Ghar and many more.

There were 1000+ visitors due to the following reasons:

• Top Builders & Developers Participating Across India.
• The right way to Invest in Properties for HNI’s & Regular Investors looking for high ROI.
• More than 125+ affordable and Premium projects under one roof to find your dream home
• Assured Gift to the first 100 Visitors which is provided by REALTY QUARTER.
• Projects range starts between 6 lacs to 3 crores
• 5 Android mobile for the first 3 spot bookings.
• 2 Night and 3 Days stay at Lucky Draw in Lonavala for 3 People.
• Gift Vouchers worth Rs.1000 each for Two People.
• Aspirational buyers looking for their dream home will get a wider view of the properties.
• Meet the builders directly and get special exhibition discounts and offers.
• Easy Finance available from all leading banks under one desk
• Exclusive in-depth Real estate Counseling to select the right property.

We thank all our visitors, partners, and associations for making the Indian Property Expo 2022 a success. If you have missed the opportunity of visiting or showcasing your projects then you can bookmark our site and stay tuned for our next event.

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In addition to lowering import duties on iron and steel, the finance ministry increased import duties on a variety of steel goods, which will aid user industries and small-scale players that have been complaining about price increases. Finance Minister Nirmala Sitharaman stated that better logistics would be used to increase cement availability and price.

“Despite the difficult international circumstances, we have ensured that essential items are not in limited supply.” Even some prosperous countries were not immune to shortages and disruptions. While announcing the measures, she tweeted, “We are committed to keeping costs of basic commodities under control.”

Food, fuel, and commodities have been the main price rise drivers in recent months, with the problem exacerbated by disruptions caused by the Russia-Ukraine conflict.

User industries have been complaining for months about a massive rise in steel and plastic prices, blaming the increase in input costs on Covid-related restrictions in various regions of the world. Some of these manufacturers also wanted a price cap, which the government refused.

In the case of steel, the Centre has sought to reduce customs duties on coal and other inputs in the hopes of lowering production costs and passing the savings on to consumers. At the same time, a 15-50% export duty (which has been increased in some cases) is in place to discourage the export of iron ore, pellets, and various steel products from the country.

Sitharaman stated that the government will grant an additional subsidy of Rs 1.1 lakh crore over and above the budgeted amount of Rs 1.05 lakh crore for fertilisers. The Union Cabinet approved a plan last month to enhance the phosphate-based fertiliser subsidy from Rs 21,000 crore to Rs 61,000 crore for the kharif season (April-September), despite reports that the subsidy bill could be in the range of Rs 2.25-2.5 lakh crore this year.

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